<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"  xmlns:atom="http://www.w3.org/2005/Atom"><channel><title>CBS 2 - KCAL 9 - Los Angeles - Southern California - LA Breaking News,  Weather, Traffic, Sports</title><link>http://cbs2.com/business</link><description><![CDATA[CBS 2 - KCAL 9 - Los Angeles - Southern California - LA Breaking News,  Weather, Traffic, Sports]]></description><language>en-US</language><copyright><![CDATA[(c)  MMVIII, CBS Broadcasting Inc. All Rights Reserved.]]></copyright><pubDate>Sat, 19 Jul 2008 06:46:00 GMT</pubDate><ttl>5</ttl><atom:link href="http://cbs2.com/business/resources_rss.xml" rel="self" type="application/rss+xml"/><item><title><![CDATA[Stocks Mixed On Earnings Reports]]></title><link>http://cbs2.com/business/stocks.Wall.Street.2.774182.html</link><description><![CDATA[Wall Street fluctuated Friday as investors had little appetite to buy stocks after disappointing earnings from technology companies offset an upbeat report from Citigroup Inc. ]]></description><guid>http://cbs2.com/business/stocks.Wall.Street.2.774182.html</guid><pubDate>Fri, 18 Jul 2008 19:53:45 GMT</pubDate></item><item><title><![CDATA[Oil Prices Gain After Days Of Declines]]></title><link>http://cbs2.com/business/oil.prices.rise.2.774077.html</link><description><![CDATA[Oil prices rose above $131 a barrel Friday as news of an output cut in Nigeria helped to halt the sharp decline in prices that began three days ago. ]]></description><guid>http://cbs2.com/business/oil.prices.rise.2.774077.html</guid><pubDate>Fri, 18 Jul 2008 14:26:17 GMT</pubDate></item><item><title><![CDATA[American Airlines Slashing 1,500 Jobs]]></title><link>http://cbs2.com/business/american.airlines.jobs.2.774183.html</link><description><![CDATA[American Airlines executives say 1,300 aircraft mechanics and 200 managers and support workers will be laid off from the company's maintenance organization. <br />]]></description><guid>http://cbs2.com/business/american.airlines.jobs.2.774183.html</guid><pubDate>Fri, 18 Jul 2008 14:29:56 GMT</pubDate></item><item><title><![CDATA[Citigroup Posts $2.5 Billion Loss]]></title><link>http://cbs2.com/business/citigroup.posts.loss.2.774103.html</link><description><![CDATA[Citigroup posted another loss and laid off 6,000 employees in the second quarter as it struggled with surging loan defaults, but the $2.5 billion shortfall was smaller than Wall Street anticipated. ]]></description><guid>http://cbs2.com/business/citigroup.posts.loss.2.774103.html</guid><pubDate>Fri, 18 Jul 2008 13:00:26 GMT</pubDate></item><item><title><![CDATA[Gore: Survival Of U.S. As We Know It At Risk]]></title><link>http://cbs2.com/business/al.gore.energy.2.773201.html</link><description><![CDATA[Just as John F. Kennedy set his sights on the moon, Al Gore is challenging the nation to produce every kilowatt of electricity through wind, sun and other Earth-friendly energy sources within 10 years, an audacious goal he hopes the next president will embrace. <br />]]></description><guid>http://cbs2.com/business/al.gore.energy.2.773201.html</guid><pubDate>Fri, 18 Jul 2008 01:55:45 GMT</pubDate></item><item><title><![CDATA[Wall Street Surges Again On Falling Energy Prices]]></title><link>http://cbs2.com/business/stocks.Wall.Street.2.773405.html</link><description><![CDATA[Wall Street shot higher Thursday, extending its rally into a second
session as tumbling energy prices bolstered an already upbeat mood that
followed stronger-than-expected quarterly reports from big names like
JPMorgan Chase and United Technologies. The Dow Jones industrial
average rose more than 200 points, bringing their two-day advance to
more than 480.]]></description><guid>http://cbs2.com/business/stocks.Wall.Street.2.773405.html</guid><pubDate>Fri, 18 Jul 2008 01:19:02 GMT</pubDate></item><item><title><![CDATA[State Officials Expand Lawsuit Against Countrywide]]></title><link>http://cbs2.com/business/Countrywide.Mortgage.Lawsuit.2.773656.html</link><description><![CDATA[State officials have expanded a previously filed lawsuit against Countrywide Financial Corp., adding allegations that the mortgage lender rewarded staff for selling risky loans. The California attorney general's office detailed the new claims Thursday, amending a lawsuit that accuses Countrywide of deceiving borrowers with misleading advertisements and other unfair practices.]]></description><guid>http://cbs2.com/business/Countrywide.Mortgage.Lawsuit.2.773656.html</guid><pubDate>Fri, 18 Jul 2008 00:23:08 GMT</pubDate></item><item><title><![CDATA[Oil Prices Tumble For 3rd Straight Day]]></title><link>http://cbs2.com/business/oil.prices.drop.2.773533.html</link><description><![CDATA[Oil prices are tumbling for the third straight day and natural gas
futures are accelerating a sell-off amid growing concerns about the
weakening U.S. economy.									]]></description><guid>http://cbs2.com/business/oil.prices.drop.2.773533.html</guid><pubDate>Thu, 17 Jul 2008 17:26:51 GMT</pubDate></item><item><title><![CDATA[Senate: Offshore Banks Costing Americans Billions]]></title><link>http://cbs2.com/business/offshore.banking.tax.2.773338.html</link><description><![CDATA[European bankers and some of their U.S. clients faced grilling by senators Thursday about offshore tax abuses that investigators believe are costing American taxpayers about $100 billion a year.<br />									]]></description><guid>http://cbs2.com/business/offshore.banking.tax.2.773338.html</guid><pubDate>Thu, 17 Jul 2008 18:19:34 GMT</pubDate></item><item><title><![CDATA[Merck Shells Out $4.85B To Settle Vioxx Lawsuits]]></title><link>http://cbs2.com/business/merck.lawsuit.vioxx.2.773288.html</link><description><![CDATA[Merck says it will fund the $4.85 billion settlement designed to resolve tens of thousands of lawsuits related to its Vioxx painkiller, waiving its right to walk away from the settlement deal.<br />]]></description><guid>http://cbs2.com/business/merck.lawsuit.vioxx.2.773288.html</guid><pubDate>Thu, 17 Jul 2008 15:13:15 GMT</pubDate></item></channel></rss>